Repsol News

(Photo: Fugro)

Fugro Reports IRM Bump

Fugro said it has attracted seven new clients for its inspection, repair and maintenance (IRM) services in the U.K. North Sea.Recent work includes pipeline and structure inspections for Centrica Storage, Chrysaor, Dana, Petrofac, Premier, Repsol and Spirit Energy, the company said Tuesday. Workscopes also include light repair and maintenance and decommissioning, utilizing Fugro’s multi-role vessels and broad in-house environmental, geotechnical and geophysical expertise.Karl Daly, Fugro’s European IRM Service Line Director, commented, “In this competitive market, we are extremely

John Warrender (Decom North Sea)

Decom North Sea Names Warrender as Chief Executive

advisor to the industry, applying his specific expertise in corporate governance and performance improvement, Warrender spent over 20 years with ConocoPhillips in a range of technical and leadership positions, latterly as General Manager, Upstream Gas Assets in the UKCS, before joining the Board of Repsol Sinopec as MD for Sinopec’s UK subsidiary during a critical transformative phase for that company. He also served on the OGA Regional Development and Infrastructure Board and is currently a member of the Asset Stewardship Task Force

Photo: Proserv

Proserv Secures $5.5 Mln Repsol Contract

Energy services company Proserv has secured a contract worth over $5.5 million (45 million Norwegian Kroner) with Repsol to upgrade and build new subsea production control equipment for the Yme field redevelopment in the Norwegian North Sea. The award scope initially covers the refurbishment and upgrade of the existing subsea control system.  Using Proserv’s unique technology and expertise, the life of the existing equipment will be extended significantly beyond its original design life, with no compromise on functionality.  The entire subsea control system will be upgraded

Exxon's Big Bet on Brazil Oil Could Signal Major Pre-salt Role

urgency to replenish its resources base," analysts at Tudor, Pickering Holt & Co said on Thursday, adding that the Campos Basin deal was a bullish sign for Brazil's pre-salt block auctions.   Wednesday's record bid was around 5 times as much as the nearest one from Royal Dutch Shell and Repsol. Petrobras said it had information that some of the Campos blocks had high-potential pre-salt reserves.   Before the auction, Exxon was among the few oil majors without an exploration presence in Brazil's recently discovered large offshore fields.   "For Exxon Mobil, a lack of

Executive Director of Well-Safe Solutions, Mark Patterson (Photo: Well-Safe Solutions)

New Player Enters the Decommissioning Market

absolutely the right time for a new entrant to invest in key assets and people to build a market-leading decommissioning company for the future.”   Patterson and Alasdair Lock are the major shareholders. Among the other industry heavy-hitters is Paul Warwick, formerly executive director for Repsol SA, executive vice president for Talisman Energy Inc. and regional president of ConocoPhillips Inc.   Warwick added, “From an operator’s perspective, Well-Safe’s offering will be highly compelling. There is no better time for a new entrant to invest in key assets and people

Mexico Auctions Two-thirds of Blocks in Shallow Water Oil Tender

monopoly of state oil company Pemex.   The Mexican state firm won two blocks in Monday's bidding - one in consortium with Germany's Deutsche Erdoel AG, and another with Ecopetrol. The Colombian firm also won a block with PC Carigali, a unit of Malaysian oil firm Petronas.   Spain's Repsol combined with the company Sierra Perote to win another block in the southern Gulf of Mexico.   Top government officials told Reuters before the auction they were hopeful that Mexico would assign at least one-third to 40 percent of the blocks in the shallow water round.   The auction

Yard Photo courtesy SapuraKencana

SapuraKencana Bags Contracts of RM 1.34 bln

jacket, foundation piles and bridge structure between BNCPP-B to BNG-B. The work location is in East Malaysia and the contract is scheduled to commence in Q1 2017. Award of Provision of Transportation and Installation of Pipeline, Substructure and Topside for Bunga Pakma Development Project by Repsol Oil & Gas Malaysia Limited SKTLO has been awarded a contract by Repsol Oil & Gas Malaysia Limited (formerly known as Talisman Malaysia Limited) for the provision of transportation and installation of pipeline, substance and topside for Bunga Pakma Development Project. The project comprises

Memorandum of understanding signed on October 24 by our CEO Pedro Parente and Total CEO Patrick Pouyanné. Photo Petrobras

Petrobras, Total ink Strategic Alliance Deal

we own a 100 percent interest. The Berbigão, Sururu, and West of Atapu fields are expected to sign Individualization of Production Agreements (unitization) with this transfer of rights area. Petrobras holds 45 percent stakes and are the operators of the Lapa field. Shell, with 30 percent, and Repsol, with 25 percent stakes, are partners in this field, which is part of the BM-S-9 Block. The Lapa field development is at an advanced stage, with production going on stream recently, as announced on December 20, and has distinct geological and oil quality characteristics from other fields of the pre-salt

Petrobras Starts production in Santos Basin

2,140 m, and has capacity to process 100,000 barrels of oil and compress 5 million m3 of gas per day. It is connected to production well 7-LPA-1D. The Lapa field is located in the BM-S- 9 concession, run by Petrobras (45%), in partnership with Royal Dutch Shell subsidiary BG E&P Brasil (30%) and Repsol Sinopec Brasil (25%). Pre-salt output on the up and up The Lapa field is starting production at a time of significant growth in pre-salt output. Petrobras now runs pre-salt facilities that already produce over 1.2 million barrels a day and in November output peaked to over a billion barrels of

Polarcus Awarded Broadband 3D Project Offshore Morocco

Polarcus Limited announced that it has received a Letter of Intent from Repsol for a broadband 3D survey offshore Morocco to commence in the third quarter of 2016.

FPSO Cidade de Itaguaí (Photo: BG Group)

BG Group Starts up Sixth FPSO in the Santos Basin

1.6 million barrels of oil.    BG Group has a 25 percent interest in Block BM-S-11 (Petróleo Brasileiro S.A., operator, 65 percent and Petrogal Brasil S.A., 10 percent). BG Group also has a 30 percent interest in Block BM-S-9 (Petróleo Brasileiro S.A., operator, 45 percent and Repsol Sinopec Brasil 25 percent).    FPSO Cidade de Itaguaí information:  Oil processing: 150,000 barrels/day  Gas treatment and compression: 8 million m³/day  Injection water treatment: 264,000 barrels/day  Storage capacity: 1.6 million barrels of oil 

Petrobras headquarters in downtown Rio de Janeiro.

Petrobras Deploys Pre-salt Subsea Equipment Technique

reduce operating costs and times. Petrobras has now chartered a second SESV, which is being adapted for depths of up to 2,500 meters and which should start operating in the second half of 2016. Sapinhoá field is operated by Petrobras (45%), in partnership with BG E&P Brasil Ltda (30%) and Repsol Sinopec Brasil S.A. (25%)

​​​​Ocean Clipper drillship used to perforate Orca-1.

Petrobras Makes Discovery in Colombian Caribbean Waters

Block) has revealed a natural gas accumulation in Colombian Caribbean deep waters, 40 km off the coast of La Guajira. This is the first discovery in the history of the deep water exploration of this region of the Caribbean. Petrobras is the operator (40%), in partnership with Ecopetrol (30%), and Repsol (30%). Well drilling ended in September, reaching 4,240 meters. The water depth is 674 meters. The natural gas accumulation was confirmed at 3,600 meters. Petrobras will continue operations as planned in order to assess the discovery. Operations in the Colombian Caribbean Petrobras, in partnershi

Espírito Santo Basin

Discovery of Gas Accumulation at Espírito Santo Basin

(PAD), 72 km off the coast of the Espírito Santo state. The discovery was confirmed through logging carried out in reservoirs located at depth of around 2,880 meters. The well has reached the total depth of 2,996 meters. The consortium operated by Petrobras (89.89%) in partnership with Repsol Sinopec (11.11%) will proceed with the operations planned, in order to better evaluate the discovery, through a formation test.  

Statoil Farms into Acreage Offshore Colombia

Statoil has signed farm-in agreements with Repsol, acquiring a 10% equity share in the Tayrona licence and a 20% equity share in the Guajira Offshore 1 licence. “With the recent award of the COL4 licence in the 2014 Colombia licencing round and the farm-in agreements with Repsol, Statoil is well positioned in deep-water offshore Colombia. We are gaining access to a vast underexplored frontier area through early access at scale, which is in line with Statoil’s exploration strategy,” says Nick Maden, senior vice president for Statoil's exploration activities in the Western Hemisphere.

Repsol to Drill First Phase of Canary Islands Solo

Repsol, part of a consortium planning to explore for oil off the Canary Islands, will carry out the first phase of the project on its own, a source with knowledge of the matter said on Wednesday. The Spanish oil company and its partners Woodside Energy Ltd. of Australia and RWE AG's oil and gas arm DEA got the green light to drill two sites off the coast of the Canary Islands earlier this month, despite fierce local opposition. Repsol has estimated the cost of undertaking the first phase on its own at about $140 million. "There's an option in the partners' contract (for Repsol to finance

Gabon Signs Offshore Oil Contracts with 6 Companies

Gabon's oil ministry said on Friday it had signed seven oil contracts with six companies as part of an offshore licensing round expected to attract at least $1.1 billion in investment to the sector. "(We) proceeded on August 8 with the signing of seven oil contracts with the companies Impact, Repsol, Marathon , Noble Energy, Petronas and Woodside," the ministry said in a statement. (Reporting by Gerauds Obangome; Writing by Emma Farge; Editing by Daniel Flynn)

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